Deutsche Bank AG Decreases Stake in Sempra Energy $SRE

Deutsche Bank AG reduced its holdings in Sempra Energy (NYSE:SRE) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,162,075 shares of the utilities provider’s stock after selling 236,477 shares during the period. Deutsche Bank AG’s holdings in Sempra Energy were worth $808,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SRE. Empowered Funds LLC lifted its stake in shares of Sempra Energy by 52.5% in the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock worth $1,285,000 after buying an additional 6,196 shares in the last quarter. Woodline Partners LP increased its position in Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after purchasing an additional 15,474 shares during the last quarter. Baird Financial Group Inc. increased its position in Sempra Energy by 6.2% during the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 858 shares during the last quarter. Cary Street Partners Financial LLC raised its stake in Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 339 shares during the period. Finally, Sei Investments Co. boosted its holdings in Sempra Energy by 80.0% in the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after purchasing an additional 188,131 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Pablo Ferrero sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $89.53, for a total transaction of $232,778.00. Following the sale, the director directly owned 15,423 shares of the company’s stock, valued at $1,380,821.19. This represents a 14.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer M. Kirk bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $93.44 per share, for a total transaction of $93,440.00. Following the completion of the purchase, the director owned 1,000 shares in the company, valued at $93,440. This trade represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 8,567 shares of company stock worth $792,663 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

SRE has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Wells Fargo & Company reissued an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a research note on Tuesday, April 21st. UBS Group reissued a “neutral” rating and issued a $100.00 price target (up from $96.00) on shares of Sempra Energy in a research note on Friday, March 6th. Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. Finally, Truist Financial set a $104.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sempra Energy has an average rating of “Moderate Buy” and a consensus target price of $102.67.

Sempra Energy Stock Performance

NYSE:SRE opened at $90.78 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69. The stock has a market capitalization of $59.34 billion, a P/E ratio of 30.77, a PEG ratio of 3.36 and a beta of 0.56. The company has a 50 day moving average price of $93.45 and a 200 day moving average price of $91.77. Sempra Energy has a fifty-two week low of $73.06 and a fifty-two week high of $101.04.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.51. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.44 EPS. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.870-5.370 EPS. Equities research analysts forecast that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 25th. Sempra Energy’s dividend payout ratio is presently 89.15%.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non?regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.